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TRUE/FALSE and explain An estimate, also known as a sample statistic, is simply a rule or...

TRUE/FALSE and explain An estimate, also known as a sample statistic, is simply a rule or formula or method that tells us how to estimate the population parameter of interest from the information provided by the sample at hand.

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Sample statistics is used to estimate a population parameter from the given range of values. Hence it is true that an estimate, also known as a sample statistic, is simply a rule or formula or method that tells us how to estimate the population parameter of interest from the information provided by sample at hand. It uses a certain formulas or rules or some methods for sampling procedure. Using those rules or methods of formulas estimate parameter from the population is calculated, which is unbiased, from the information provided by samples at hand.

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